Legal Question in Real Estate Law in Texas

Timeshare Property-Foreclosure

We bought a timeshare condo, put $1000 down. Took them 90 days to give us our number to use it and when we did, we could not get the dates we wanted. Called and faxed many times stating we wanted out and our money back; never used it and did not pay any more money. Now they want us to sign a deed in lieu agreement. We read it, but it's greek to us. Does it mean that we can turn our property over to them and they will not foreclose? They already informed us we won't be getting any of our money back.


Asked on 4/23/00, 6:53 pm

1 Answer from Attorneys
Paul T. Hebda, Ph.D., J.D. The Hebda Law Firm

Re: Timeshare Property-Foreclosure

It is really impossible to answer your questions without having the documents to review. I suggest that you contact an attorney for a consultation.

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Answered on 5/26/00, 9:23 am


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